Dorian LPG Ltd. (LPG) Trading Down 5.9%
Dorian LPG Ltd. (NYSE:LPG)’s share price traded down 5.9% during trading on Wednesday . The company traded as low as $6.00 and last traded at $6.01, with a volume of 242,815 shares. The stock had previously closed at $6.39.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd. ABN Amro downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, June 30th.
The stock’s 50-day moving average is $6.55 and its 200-day moving average is $8.73. The company has a market cap of $323.92 million and a PE ratio of 2.93.
Dorian LPG (NYSE:LPG) last posted its earnings results on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.05. During the same period last year, the firm posted $0.24 EPS. The company earned $50.50 million during the quarter, compared to analysts’ expectations of $34.90 million. The firm’s revenue was up 54.9% compared to the same quarter last year. Analysts forecast that Dorian LPG Ltd. will post $0.33 EPS for the current year.
In other news, CEO John C. Hadjipateras purchased 20,000 shares of the business’s stock in a transaction on Wednesday, June 29th. The shares were bought at an average price of $7.39 per share, with a total value of $147,800.00. Following the completion of the transaction, the chief executive officer now directly owns 2,279,744 shares in the company, valued at approximately $16,847,308.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A hedge fund recently raised its stake in Dorian LPG stock. Royce & Associates LLC increased its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 72.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,734 shares of the company’s stock after buying an additional 90,000 shares during the period. Royce & Associates LLC owned about 0.37% of Dorian LPG worth $2,516,000 as of its most recent SEC filing.
Dorian LPG Ltd is a pure-play liquefied petroleum gas (LPG) shipping company, based in the Marshall Islands. The Company operates three very large gas carriers (VLGC) and one pressurized LPG vessel. Additionally, it contracts for 16 fuel-efficient VLGC newbuildings, with deliveries scheduled for 2014 and 2015.
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